Fleming Asset Management's retail sales and marketing operation will become an IFA-dedicated operation under plans just announced by the investment bank.
Save & Prosper will become the distribution channel for direct brokers.
Fund management for both will remain with Fleming Asset Management.
The programme will take a year to complete and a transitional arrangement will operate until next year's launch of Fleming's Open Ended Investment Company.
Fleming director of investment sales Phil Jefferson says: "Today's announcement is just part of our commitment to ensuring IFAs receive the best possible products and services."